Mission or Vision Statement

The first step for developing operating mechanisms is to establish a mission or vision for the organization. The mission or vision gives the organization direction, momentum, and commitment. It lends meaning and identity to the organization and guides the organization.
What is the mission of your organization? What is the mission of your department or team? How does the mission of your department or team align with the mission of the organization? How do the organization's policies and functional procedures support the accomplishment of the mission of the organization and that of your department or team? What changes are required to make your department or team more effective?

Justify your answers with examples and reasoning.

Solution Preview

The first step for developing operating mechanisms is to establish a mission or vision for the organization. The mission or vision gives the organization direction, momentum, and commitment. It lends meaning and identity to the organization and guides the organization.

What is the mission of your organization?

"The mission of USA Properties Fund is to create outstanding housing for value conscious seniors and families. This mission is accomplished through the development, rehabilitation and acquisition of residential communities which meet the highest quality standards." (USA Properties Fund 2012)
This has been the company's mission since it formed in 1981. The mission is clear and will now extend to serve many in society.

What is the mission of your department or team?

The mission of our team is to expand the brand and branch out into the hotel market. While USA Properties Fund has a strong portfolio, expanding the brand to include hotels locally and nationwide will increase the brand's presence in cities where the company is now not located. Many hotel chains are owned by Fortune 500 companies that have a vast portfolio. This expansion will allow the firm to increase its corporate stock so that more investors can own a stake in the company. The additional capital will afford USA Properties Fund the opportunity to obtain the funding needed to secure such properties.
The expansion of the brand will be a team effort. Many factors are involved with such a project. An expert in the field will need to be brought in to properly guide the leaders of USA Properties Fund on the path to success. When companies expand in to unchartered waters, guidance by an expert is needed to ...

Solution Summary

The first step for developing operating mechanisms is to establish a mission or vision for the organization. The mission or vision gives the organization direction, momentum, and commitment. It lends meaning and identity to the organization and guides the organization.
What is the mission of your organization? What is the mission of your department or team? How does the mission of your department or team align with the mission of the organization? How do the organization's policies and functional procedures support the accomplishment of the mission of the organization and that of your department or team? What changes are required to make your department or team more effective?